Insider Selling: Unity Software Inc. (NYSE:U) Director Sells $14,416.00 in Stock

Unity Software Inc. (NYSE:U) Director Michelle K. Lee sold 800 shares of the stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $18.02, for a total transaction of $14,416.00. Following the completion of the transaction, the director now owns 8,815 shares of the company’s stock, valued at approximately $158,846.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Unity Software Stock Down 1.0 %

Unity Software stock opened at $16.21 on Monday. Unity Software Inc. has a 12-month low of $15.15 and a 12-month high of $47.60. The firm’s 50-day moving average is $17.79 and its two-hundred day moving average is $25.10. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.70.

Unity Software (NYSE:U) last released its earnings results on Thursday, May 9th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.13. Unity Software had a negative net margin of 40.11% and a negative return on equity of 7.73%. The business had revenue of $460.38 million for the quarter, compared to analysts’ expectations of $422.53 million. On average, equities analysts anticipate that Unity Software Inc. will post -1.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Unity Software

Several hedge funds have recently modified their holdings of U. Tradewinds Capital Management LLC boosted its position in shares of Unity Software by 245.6% in the first quarter. Tradewinds Capital Management LLC now owns 985 shares of the company’s stock worth $26,000 after acquiring an additional 700 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Unity Software in the fourth quarter valued at approximately $27,000. GAMMA Investing LLC purchased a new position in Unity Software in the fourth quarter valued at approximately $28,000. Benjamin F. Edwards & Company Inc. raised its holdings in Unity Software by 2,429.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,037 shares of the company’s stock valued at $28,000 after buying an additional 996 shares during the period. Finally, Principal Securities Inc. purchased a new position in Unity Software in the fourth quarter valued at approximately $37,000. 73.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on U. Stifel Nicolaus cut their price target on shares of Unity Software from $30.00 to $25.00 and set a “buy” rating for the company in a report on Monday, June 10th. Wedbush reissued an “outperform” rating and issued a $33.50 price objective on shares of Unity Software in a research note on Friday, May 10th. Barclays lowered their price objective on shares of Unity Software from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Friday, May 10th. The Goldman Sachs Group lowered their price objective on shares of Unity Software from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Monday, May 13th. Finally, Benchmark reissued a “sell” rating and issued a $16.00 price objective on shares of Unity Software in a research note on Friday, May 10th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $33.47.

Unity Software Company Profile

Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.